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Japanese IT services and systems integration company, running enterprise and credit-card processing systems.
Japanese IT services and systems integration company, running enterprise and credit-card processing systems.
Earns fees for building and running core systems for banks, card companies and corporate clients, much of it under long outsourcing contracts, so staff billed and contract renewals drive income. Its payments business processes card transactions for issuers and merchants, billed per transaction.
In one line: A mid-sized Infosys/Cognizant.
Moat: narrow (switching costs, customer qualification). Deeply embedded systems (e.g., payment processing) are costly for clients to switch away from.
Headquarters: Tokyo, Japan · Founded: 1971 · Employees: 21,598
Size TISI (3626.T) is a Japan Information Technology company (Information Technology Services) with a market value of $5.50B, the 225th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,116 on 6 Nov 2026.
Performance Over six months the shares gained 20.5%, against +11.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +8.9%); the operating margin is 12.8% (peer median 8.4%).
Valuation It trades at 15.1× forward earnings against a peer median of 16.4× (9th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥615B | ¥596B | ¥572B | ¥549B | ¥508B |
| Revenue growth | — | +4% | +4% | +8% | — |
| Gross profit | ¥174B | ¥168B | ¥160B | ¥152B | ¥142B |
| EBITDA | ¥97.9B | ¥94.9B | ¥88.6B | ¥85.0B | ¥78.2B |
| Net income | ¥49.8B | ¥46.6B | ¥50.0B | ¥48.9B | ¥55.5B |
| Free cash flow | n/a | ¥61.3B | ¥44.9B | ¥49.5B | ¥29.3B |
| Capital expenditure | n/a | ¥28.0B | ¥25.4B | ¥18.9B | ¥10.4B |
| Total debt | ¥61.4B | ¥40.5B | ¥43.5B | ¥45.1B | ¥22.2B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| TISI 3626.T | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% |
| Otsuka 4768.T | $8.63B | +24% | +9% | 7% | 20.1× | -5.6% |
| Nomura Research Institute 4307.T | $20.2B | +40% | +8% | 19% | 26.4× | 0.7% |
| Fujitsu 6702.T | $35.4B | +1% | +4% | 10% | 18.0× | 4.1% |
| BIPROGY 8056.T | $2.47B | -3% | +4% | 10% | 13.1× | -9.5% |
| Nec 6701.T | $36.3B | +5% | +7% | 12% | 18.6× | 5.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3626.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | -1.4% | 9th highest of 21 |
| 6-month return | +20.5% | +11.3% | 6th highest of 21 |
| Distance from 52-week high | -23.8% | -24.8% | 11th highest of 21 |
| Revenue growth (TTM) | +5.2% | +8.9% | 8th lowest of 21 |
| Operating margin | 12.8% | 8.4% | 5th highest of 21 |
| Forward P/E | 15.1× | 16.4× | 9th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -7.7% | 5.6% | 3rd least demanding of 18 |
| Growth delivered (Del g) | +5.9% | +8.6% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | -13.6 pp | -1.8 pp | 5th least demanding of 18 |
| ROIC minus cost of capital | +13.1 pp | +4.7 pp | 5th highest of 21 |
| EV / EBITDA | 8.7× | 11.8× | 4th cheapest of 14 |
| Net debt / EBITDA | -0.3× | 0.6× | 8th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| Box BOX | United States | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% | +8.8% |
| Ingram Micro INGM | United States | $5.85B | -6% | +15% | 2% | 6.8× | 2.9% | +1.4% |
| NICE Ltd. Sponsored ADR NICE | United States | $5.87B | +4% | +8% | 17% | 7.8× | -0.7% | +12.3% |
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| Science Applications International SAIC | United States | $6.13B | +56% | -1% | 8% | 14.3× | -4.6% | +0.6% |
| RIOT RIOT | United States | $6.27B | -31% | +6% | -84% | n/a | n/a | n/a |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Computacenter CCC.L | United Kingdom | $6.48B | +15% | +54% | 3% | 16.4× | 7.9% | +11.1% |
| Temenos TEMN.SW | Switzerland | $6.51B | +10% | +30% | 27% | 21.8× | 8.3% | +1.7% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| Suzhou Centec Communications 688702.SS | China | $6.58B | -45% | +32% | -18% | 5,922.0× | n/a | n/a |
| Xometry XMTR | United States | $6.63B | +44% | +37% | -2% | 91.0× | n/a | n/a |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
| NS Solutions 2327.T | Japan | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% | +8.6% |